What restrictions should we be putting on customers who are using business dba checking accounts as their personal account? Or should we be restricting any activity? What are the risks?
I am sorry, I just verified and it is NOT a dba. Simply a business checking account. So, I guess that changes the answer a bit. What are your thoughts on that? Thanks!
Is it a sole proprietorship though? If so, it doesn't change the answer. If it's a partnership or something more complicated, that's potentially a different story.
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Someone's about to get horned!
It is purely a matter of bank policy of what activities you allow to happen in accounts. Now that you know however, if this person is stealing from the corporation, you are on notice.
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